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on Post Keynesian Economics |
| By: | Riccardo Zolea |
| Abstract: | The Classics and Marx, but also more recent contributions inspired by them, assume that the interest rate is a part of the profit rate. Over time, however, credit towards consumption and for the purchase of housing by workers has taken on greater and greater economic weight. This paper therefore aims to study this issue from a theoretical point of view, analysing its premises and implications. After investigating the necessary conditions on both the demand side (workers) and the supply side (banks), an attempt is made to analyse the distributional effects of a change in the interest rate. The results appear rather complex and difficult to interpret, suggesting a certain difficulty in identifying a simple dynamic that can be generalised to any economic context. |
| Keywords: | surplus approach; interest rate; mortgage |
| JEL: | E11 E40 |
| Date: | 2024–02 |
| URL: | http://d.repec.org/n?u=RePEc:pke:wpaper:pkwp2403&r=pke |
| By: | Davis, John B. |
| Abstract: | The task given to me for this issue was to discuss the history, challenges, and accomplishments of the History of Economics Society (HES) as I see them from my vantage point as a past president. I frame my remarks in terms of changes I believe have occurred in how our field has been pursued in the Society since I became involved. |
| Date: | 2024–02–02 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:ab7qr&r=pke |
| By: | Weintraub, E. Roy |
| Abstract: | Founded fifty years ago, the History of Economics Society served in its early years to support scholarship and teaching in the history of economic thought. But the decades long removal of history from economics departments and graduate programs has made the Society’s mission increasingly irrelevant to the larger community of economists. In this partially autobiographical essay, the author argues that it is long past time for the Society to reassess its place among learned societies. Some suggestions for HES renewal appear in the paper’s Appendix. |
| Date: | 2024–02–02 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:tazd7&r=pke |
| By: | Rutherford, Malcolm |
| Abstract: | This paper outlines my own career within the History of Economics Society, my contributions to the society, and its central importance to my research endeavors. It is impossible for me to imagine having the career I have had without the HES, and my own case highlights how the society functioned to mentor and develop my academic career. This mentoring function is, in my view, the society’s most important, and one that has become only more vital in the face of the declining interest in the area within mainstream economics departments in the US, Canada, and the UK. |
| Date: | 2024–02–02 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:psv94&r=pke |
| By: | maas, harro |
| Abstract: | This paper provides a personal reflection on the development, over 50 years, of the History of Economics Society. The (perhaps obvious) punchline is that history writing is not neutral, but entails stances about power and politics. These stances are all the more relevant in today's context, in which money buys history. |
| Date: | 2024–02–02 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:u9324&r=pke |
| By: | Sarah Louart (CLERSÉ - Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 - Université de Lille - CNRS - Centre National de la Recherche Scientifique); Habibata Balde; Emilie Robert (UdeM - Université de Montréal); Valéry Ridde (CEPED - UMR_D 196 - Centre population et développement - IRD - Institut de Recherche pour le Développement - UPCité - Université Paris Cité) |
| Abstract: | Realist evaluation is based on a conception of public policies as interventions that produce their outcomes through mechanisms that are only triggered in specific contexts. The analysis of these links between contexts, mechanisms and outcomes is therefore at the heart of this approach. This approach can be based on a variety of methods, but will in all cases use qualitative methods to investigate the mechanisms involved. Belonging to the family of theory-based evaluations, realist evaluation aspires to produce middle range theories that will facilitate the transfer of the knowledge produced on the intervention under study to other contexts or other interventions of the same type. |
| Keywords: | Qualitative methods, theory-based evaluation, context-mechanism-outcome (CMO) configurations, middle range theory, critical realism |
| Date: | 2023–07–14 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04441388&r=pke |
| By: | Armanda Cetrulo; Dario Guarascio; Maria Enrica Virgillito |
| Abstract: | Are wages really a good proxy of the value of labour? Or, alternatively, do they largely reflect socio-institutional embedded practices of current societies according to which a manager deserves to be paid more than a nurse? This paper studies the determinants of wage remuneration and wage distribution focusing on two neglected origins of inequality: hierarchical power and care-work. Our contributions include, first the construction of a new synthetic indicator able to capture and quantitatively assess the distribution of power across occupations; second, the development of an indicator able to fine grained account for care jobs; third, the econometric estimation of the determinants of wage levels and wage distribution contrasting our new proxies for occupational attributes of care and power versus the benchmark Mincer equation and the routine task index. Our results downplay the role of the accustomed routine task index in determining the wage remuneration and prove the role of the socioinstitutional embeddedness of wage determination, rooted on hierarchical positions and largely discarding the role of essentiality in the executed job activity. |
| Keywords: | wage determination, social classes, labour-process, managerial functions, care jobs |
| Date: | 2024–02–16 |
| URL: | http://d.repec.org/n?u=RePEc:ssa:lemwps:2024/04&r=pke |